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. both having an impact on the other. eamon jappl eamon javers and john harwood. but first, sue at the stock exchange. hi, sue. >> hi. we are not quite making history yet but there is a lost optimism as i talk to the guys on the floor. we're not that far off from historic highs. 90 minutes ago, the dow crossing the 2007 high which was 13,780. right now the dow jones up 68 points at 13,781. the all-time high for the dow, 14,198. about 400 points away from that high water mark set in october of '07. so far this year, the dow is up 5% and that's only really about 14 trading days. turning to the s&p, more than 4% higher this year as well. that indaeks now just, give or take, about 75 point from its all-time high of 1565 which was also set in october of 2009. so there's pretty good mood down here on the floor, ty? >> thank you very much, sue. let's get back to the breaking news in washington. a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tig
money. here now tyler mathisen and john harbaugh. >> good morning, everybody, and welcome to cnbc's coverage of the second inauguration of barack obama. the 57th inaugural of an american president. between a half a million and 800,000 people are estimated to attend today's festivities. most of them not very close to the capitol where the swearing in will take place. that's roughly a third of the number who attended president obama's first inauguration four years ago. once again welcome, everybody. i'm tyler mathisen joined by cnbc's chief washington correspondent john harwood. great to be with you on this day of history. >> welcome to d.c. >> good to see you. the oath of office will take place in about 50 minutes, but today, of course, is all about the ceremony. you probably know this already, yesterday chief justice john roberts officially administered the oath in a small, private ceremony in the blue room at the white house as per the constitution. >> this morning the president and the vice president attended church services with their families at st. john's church, an inaugurat
into netflix and they only made 8 million. what is going on here? john fortt covers apple and julia boorstin covers netflix. julia, i will start with you. it has been in this range a number of times before yet we see the most enthusiastic option for this stock in this particular quarter. why now? >> sue, i think it is an expectations game. wall street expected 13% loss. instead you saw a 13 cent kbgai. despite a ton of new competition it is able to grow subscriber base, both in the u.s. and internationally and the fact that they are going to see this kind of consistent growth, you know, see reed hastings projected growth, it is a very positive thing and he also talked a little bit about how they won't have to raise prices. they can afford to pay for premium content and that will bring in new subscribers. i think that's a good thing to wall street. >> john, when i talked to an analyst earlier this morning one of the reasons he said apple is crushed obviously because of its report and guidance but the reason netflix was surging is netflix is in the internet tv space and a lot of people want ap
shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last quarter they had $1 billion in losses, a negative margin of 28%. with the more stable set top box getting spin out, investors want to know the end game for motorola. >> thanks, john. ibm is out with q4 numbers after the bell today, three hours from now. the stock hit a bit of a peak in october, down 6% since then. today a fractional move to the upside. the street is looking for a gain of $5.25 a share. reven
-founder and ceo john mackey joins me to talk business. >>> and some women are unleashing their inner card sharks. that's no blush. as we take a break, take a look at how the stock market endsed the week. flsh . living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if y
loves tech. >> all right, thanks so much, mark. ty, over to you. >> thank you, sue. cnbc.com's john carnie joins us with an exclusive interview with nassim taleb. he likes to call himself the ghost of talos. do you not like to call yourself that? >> that was not me. someone else started that. >> well anyhow, you are no fan of davos. >> let's get to that in a minute. but first, the thesis of anti-fragile. which is not only that you need to be less vulnerable it risk randomness, hiccups in the world, but you need to position yourself, your portfolio, so that you take advantage of that. is that a fair -- is that a fair -- if i got one thing right today, is that fair? >> perfect. you cannot use randomness and disorder and volatility as fuel. you won't make it. >> so how do you do that in today's cop tecntext as an inve? >> first of all, you have -- from being exposed to down side. you need to have a large segment of your portfolio immune from market movement. whatever that is. not cash, inflation hedge cash. or 20%, or whatever you're willing to risk, high number of diversified extremel
they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi was in fact initially a spontaneous reaction to what had just transpired hours before in cairo. >> and will we ever get a full answer on exactly what happen
there. i'll be looking down into guidance. >> the stock is getting hit, john. you should say, down about 20 bucks, lower by 3%, approaching a drop of 4%. >> gene munster, 47.8 million iphones. >> it needed to start with a 5 to have the stock to be up. i'm interested for john to come out with what the guidance is. you know, the nuance is a disappointment. >> go ahead, john. >> they are guiding to revenue between 41 and 42 billion so that's a $42 million mid-point gross margin between 37.5 and 38.5%. op-x, 3.8 and 3.9 billion. other income, 350 million and a tax rate of 26%. >> okay. gene in. >> it's actually kivon -- the numbers are disappointing on the iphone, slightly disappointing, but if you step back the expectations were for 41 billion in the mid-point of the revenue guide and did 42 so that was better. essentially this is what people had really expected absent the small disappointment on the iphone number, but it seems pretty -- actually pretty uneventful. it's directionally more negative than what we expected. >> you got 22.9 million ipads. what did you think? >> i think that's ac
coverage here, we'll be joined by maria, john chambers, as well. we'll see what's happened to apple overnight. he always says you have to be fast moving in the mobile world. >>> those flashes, kelly was talk you canning about them from fitch that they can well need more capital. first of all, we have mr. corbett and mr. jenkins, mr. corbett still talking about the transformation still required at citi. >> the good news was we looked at the fundamental drivers of the business, our operating revenue expenses, our net cost to credit, all things headed in the right direction from a capital perspective. the capital standards are going up. it's an industry we're going to be forced to carry more capital than we have historically. we want to lower leverage rates than we have historically. and i think the industry examine in particular the u.s. banks are moving towards that quite quickly. >>> and if you look back 30 years, the three big things have driven our industry. you're going to see a reversal of those trends. more regulation, more nationalism and an economic environment that people ar
with his swing. plus, we're going to head to d.c. on the morning after the inauguration festivities. john harwood, probably hung of, but he's going to join us with the latest on washington getting back to work. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to
with the guidance. looks like the numbers they just developed and all the metrix that john pointed out were as i expected and this is a company that missed on an eps basis a september quarter by 15%, and then the stock got whacked thereafter. a probably encouraging report followed by probably encouraging guidance. >> lost way he says guide as. still working on the numbers, folks, because it's a messing report. we'll discuss the markers in a broader sense and then we'll look at what the numbers actually move. >> joe dwreko, standing by still? >> yes, yes, yes. >> what do you think trends. people trying to lean into them a little unsuccessfully and trying to take south korea out of their names and trying to do it in google has met with -- with nothing on the good side. clearly the some is performing better. partially i think a little bit of the squeeze and partially because you can't compare entirely google to apple or google to fook. they are competing with google. google invests in their people and technology and a lot of the google technology. spot an analyst at the company as all, with you the
it will be perfect there. let's go to -- good, let's go to john in florida. john? >> caller: hey, jim, greetings from florida. my question is net suite, i got in at 23. >> i do like these plays, i like salesforce.com more than that one. jeannie in california. >> caller: i need a sweater for winter, ati -- >> no, the downgrades are so powerful, i have to believe there's something wrong with stainless steel. let's go to john in illinois. john? >> caller: boo-yah, jim, thanks for taking my call. calling about rlgy, realogy. >> okay, that is the best real estate play i know that is not linked to actual housing, and i want to own the stock. i hope it pulls back, but it doesn't, realogy's good. gary in south carolina, gary? >> caller: jim, congratulations on your super show. >> thank you. >> caller: my stock is mattell. >> hate to buy a stock at a 52-week high, but if it falls under 35, you want to own it. joe in florida. joe? >> caller: hey, jim, thanks for taking my call. jcp, jc penney bondholders, is bankruptcy on the horizon? >> the preferred hangs in there. the preferred hangs in there. i don't want
the same crusty pair at this point? >> no. i've got different pairs for each day. i have the tommy johnes and they are keeping me very, very warm. i can't believe we talk about long underwear on this show. >> why? you're out in the cold. >> but i'll tell you one thing about these things. we talk about undershirts. they things keep me warm outside but not too warm inside. >> that's amazing. >> and they breathe, obviously. they breathe. yeah, you don't want to get to -- being cold in that area, being hot is almost just as bad as being cold. so it's -- you know what it sounds like, andrew? it sounds like you've almost got a thermos that you're wearing. >> a what? >> a thermos. it keeps things hot, keeps things cold, how does it know? it keeps you just right. you're outside, you're not cold. you're inside, you're things aren't hot. it's a good. >> it's a perfect situation. you should -- do you want to do some news? >> let's talk real quickly a couple of numberes and then we'll get back. we want to tell people real quickly -- yeah, i think he does. we want to tell people about the markets. the
? >> cnbc chief writer jeff cox says yes and janes us to make the case and john mays says stronger headwinds are heading our way. jeff, you say we'll have an economic recovery and housing will have to lead the way. explain, and is it doing so? >> remember that old admonition, if not us, who and if not now, when? that applies to the housing market. if not housing what? i mean, we're seeing economist expectations of about 3%, maybe 2.5%, 3% growth in the u.s. this year. if that's going to happen, it's going to have to happen on the backs of the housing market. i heard some of the concerns that diane expressed. i don't think inventory will be that big of a problem going forward. so many houses that are had in the distress market pipeline. a couple of other quick points. >> very quickly. >> wealth effect that ben bernanke talks about is most prevalent in housing. housing prices get pressured up, that's going to help the wealth effect. >> okay. >> finally the stock market historically tells us when housing starts are up more than 25% in the previous year, the next year equity market gains about 9
earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but the ceo was most energized on a call talked about the launch of single serve coffee machines. we're deeply dmoibtd leader in this space. watch out green mountain. >> with more than 150,000 machines sold since
. >>> the tech sector out performed the s&p 500 since the benchmark hit an all time high back in 2007. john ford now takes a look at which tech stocks led the market back then and how they are performing now. a comparison isn't it, john? >> yeah, mandy. intel and hp were two of the best performing stocks in the dow back then from january to october, 2007. intel was up 28% for the year. hp up 27%. things have changed a bit. intel is down 19% over the five plus years. hp down 68%. what happened? well, the smart phone and the cloud. intel and hp both got profits when growing pc business intel from chips hp from low margin scale in pcs. the pc business isn't growing anymore. gardner reported it was down 8 and then 5% year over year in the third quarter. on the flip side of the trend the biggest gainers in the s&p i.t. index reads like a who's who of cloud mobile and services. sales force, apple, red hot, intu it, ibm, all near the top of the list. the question is whether we're seeing another shift with apple's recent tumble. are products moving from apple to hardware from android and google and amaz
. are investors moving away from plays? >> joining us john from cgfi group and rick santelli. rick, i'll go to you first. we're talk about moving treasuries. is 2% enough to push people in mass into equities? >> you know, i don't think so. i think the percentages are much higher, but it is a start. and keep in mind global inflows to equities global was about $55 billion. that was a record for january. if you look at global inflow of bond funds and bond etfs, it was a whisker under $30 billion. so there's still money going in, but not as much. and of course the anxiety of potentially healthy global economy is always going to give traders an excuse to try to sell what is close to some historically low levels of yield, high levels of price. >> yeah. and when you look at equities you see this huge move in the markets. are we taking a bit of a breather? jordan, how do you see it? >> i think it's been constrained. uncertain election and fiscal cliff. and all of a sudden people are starting to pay attention to the fact there are -- inflation's low. i think the market starts to run, forest run. >> not a l
them? let's talk to syndicated radio talk show host john batchelor. was there an explosion? >> high probability. an explosion on monday the 25th, this is confirmed with multiple sources now reporting over the weekend. sources associated with german intelligence, with british intelligence, with israeli intelligence. high probability, larry. and the sun coming up tomorrow doesn't have as high probability. >> all right. we believe it happened. now, who, where, when, why, and how? is this an inside job or what? >> i'm told right now it was an explosion deep inside the facility that there are 190 to 200 people trapped or dead. as of yesterday, there was indication there are survivors. however, the rescue efforts haven't started yet because of fear of radiation. who did this? who fears radiation, radioactivity in an enrichment program nuclear programs from iran? there are two obvious choices, one is israel, one is the united states. >> you believe that the u.s. and/or israel may have been responsible for this? >> i think every piece of logic i have points to the fact that israel is the ch
to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news for the spanish economy. >>> now in a long-anticipated speech on the future of britain in the european union, prime minister cameron has warned that democratic consent from a u.k. membership is "wafer thin." speaking in london, he said he's in favor of having e.u. referendum but not at the moment and urged e.u. leaders to address the challenges currently alienating the electorate. >> there's a gap between the e.u. and ci
street. >>> john paulson, hedge fund manager best known for making big money when he called the collapse of the housing market, now calling the bottoms. paulson said he's bullish on the u.s. economy due to housing. kay kelly is here and she's got more on that story. kay? >> yes, interesting talk last night at the 92nd street y. they had contradictory views on the economic outlook. john paulson bullish, anchored in his theory that housing is going to do very well this year. that we've seen a strong recovery already and that's likely to continue. he pointed to a couple of things. he said mortgage rates are at an all-time low. the number of houses available on the market are at essentially a ten-year low. so it's a very attractive time to buy. he thinks this will all put pressure on building efforts and we'll see a much stronger recovery in terms of building new homes than in quite a long time. the most positive change in housing, he said, since the lehman's brothers collapse in september of 2008. he thinks the stock market rally we saw last year and seeing so far this year is heartening. h
:00 in the afternoon. he's got another party he's hosting tonight in davos. he's flying john legend over to play at the party tonight. i'll try to get a camera in there so we can show some pictures on monday. it's been a great week. optimistic tone here. i should say thank you to everybody, to the huge production crew, they did an awesome, awesome job. thank you, guys. guess who's here. >> that's jim cantore. >> this is jim cantore, mr. weather man himself. he's got the whole thing, thank you. you did very well. >> thank you very much. so did you. >> he told me it was going to be very hard to make snow balls in this weather, right? >> i did. >> andrew -- >> too dry. >> andrew, we can't wait to see you back here. have a safe trip back. that does it for us. "squawk on the street" starts right now. >> appreciate it. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, with jim cramer and carl quintanilla and david faber. how are we poised to start the friday morning session. right at the open, the s&p 500 looking to add to five-year highs at this point. looking at about six
. back on january 18th, john in virginia talked about mmr. it seemed interesting, it's a real estate investment trust that owns industrial properties. high-quality tenants including anheuser-bus anheuser-busch, fedex, kellogg's, sherwin williams. it's a fairly good list of stable clients. here's something we didn't like. over 40% of monmouth's square footage goes to fedex and subsidiaries. but you know what? that's a major league high concentration for one customer. monmouth has a juicy 4.5% yield. i don't want to own any investment trust so dependent on a single client. if you want a similar yield, go for hta, sports 5.5% yield and much more defensive business model. next up, last wednesday, larry from oregon raised a lot of interesting points regarding federal mogul, fdml for your home gamers. i said i just remembered it being a troubled auto part company. federal mogul corporation is a maker of power train and safety technologies, brake friction, chassis, wipers, and other vehicle components. supplies everybody from automakers to rail vehicles as well as the aerospace market. righ
john kerry's first job is going to see whether or not he can do negotiate a grand agreement with iran. it is evident to any one sitting here in washington larry, that the president wants to see if he can finally use the man kadate coach the iatola to avoid a k confli conflict. the key here is if he can avoid a charge whereas whether or not kerri and haegle will bring the bacon home in order to avoid the conflict. >> here is the line. we are heirs to those who won the peace and not just won the war and we must carry those lessons this time as well. i'm not sure ambassador ginsberg means. none of us nknow how fruitful their been. he wants to show, that engagement with iran at least in a final attempt is worth having his right wing in this country and the right wing go after him in order for him to prove to the american people that he went the extra mile. >> i would add, sir, it is possible to win the war, and the peace. i believe that is part of world war ii. i was mistified by that part of the inaugural speech. will golf superstar pick up and leave high tax california? of course he sho
" my tommy john undershirts and long underwear. >> we need to see those -- >> part of the fashion show. >> we'll need to see those. >> i don't know if we'll get to that. >> i wore some of those -- >> i don't want to have a credit ratings problem. >> i wore some of those -- that i was sent. it had instructions, no flap, lift -- you know, it had things. but i liked them so much i wore them for a week. >> what? the same pair? >> yeah. >> oh, gosh. >> e www -- >> no. >> they do have that -- they have a smell-resistant something, they're supposed to. let's -- >> no, it only lasts so long. only last so long. >> keep it clean. >> andrew, what's the temperature there? >> i bet it's warmer than here. >> yeah. >> what is the temperature sneer about 25 degrees. >> cold. >> it's cold, everybody. >> it's 10 degrees here. >> i know, it's colder in new york. >> president obama made his entire speech about global warming, and the next day it was 10 degrees. anyway, that's neither here nor there. you go ahead. >> good news is it is warmer inside than it is outside. >> it's exactly -- exactly 23 degrees
in to super bowl live, delivered by papa john's, for the next three hours. i have super bowl champions to my left, darren sharper, and heath evans. the 49ers at last check are in the air. they are about 20 minutes away from landing in new orleans. when they do land -- >> where does that put them, over arkansas? >> roughly arkansas. we should get a flight map up there. >> we're not known for geography. when they get to louisiana, they'll be landing in new orleans. we'll take you the niners press conferences as they get the hotel. we'll show you the niners walking down the jetway down to the tarmac. we'll bring you everything from the 49ers' arrival as he head on to new orleans. they beat the two seed, they beat the one seed to get to new orleans. here they are, the san francisco 49ers, looking for their sixth super bowl. and they packed up early today, in santa clara, california, headed to the airport to san jose to get on that plane and to fly down to new orleans for the tenth super bowl that that city will host. tied with miami now for the most all-time. there they are, guys, getting up the
on the street." i'm john harwood. here in washington and around the country, we saw a different barack obama in yesterday's inaugural address. up with more assertive, determined to force his policy choices through the governmental system. he tried to prepare the ground for the coming fight over deficits and debt by refuting republican arguments and casting his own as consistent with the american tradition. >> the commitments we make to each other through medicare and medicaid and social security, these things do not zap our nation, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weeken
guidance. good morning, john. >> very buzzed-about earnings call. perhaps the most buzzed-about moment, apple's ceo announced the company will change the way it gives guidance. for those of us who cover the company awhile, the guidance has been sort of a joke. kind of the earnings equivalent of a friend who says i'll be at the restaurant at 7:00 so you know that really means 7:30. apple will now say we'll be at the restaurant between 7:00 and 7:30. for awhile apple's lack of accuracy was sort of a thrill for investors. apple with lowball guidance, analysts would put their estimates a little above that guidance and apple's results would below past both. in recent quarters the wheels have come off that cycle. lately apple's been giving a number and coming pretty close to it. last quarter tim cook guided to $52 billion in revenue and apple delivered 54.5. under the new system apple might have guided to between 52 and 54 billion and delivered a very modest beat. it's interesting, i've been going over some custom charts i made over the past few hours because that's what we cnbc reporters do
the noise, i think that the contributions that both vikram and john havens made to the firm were missed, and i think today the company's position, through a lot of hard work and tough decisions that they made. >> do you have the wherewithal and the tools to do what you really need to do to lead? there's a feeling out there, with all due respect, a feeling out there on the part of investors that the chairman is running things. is it his way or the highway, or do you have the ability to make the decisions you need to do to lead this firm? >> i've got the ability. we've got an active board, and our board is focused around good governance, but that doesn't mean their focus is on running the company. to me we've set the strategy and set the targets going forward, and we'll be held accountable as a management team and me as an individual with doing that. >> you've got a good relationship with michael o'neill, the chairman, and he's not telling you to do this, run the company this way? >> he's not. have a very good relationship. i know mike. we date back and did a lot of work together in city
't been. >> you said one guy spent $1.35 million getting ready for the party and he flew john legend in who watches ow "squawk box." >> john wedging was, by the way, remarkable. did you know he used to work at bcg? >> no. >> yeah. a wall street consultant who turns into a musician. so, anyway -- >> a long time ago. >> and all the hookers that you spoke to were also cnbc viewers or something? >> no, they were not. they were -- yes, they were cnbc viewers. >> you're sure? how did you know? what is -- i don't see how this whole thing played out and where you got -- >> it's a much longer story that probably needs to be explained not at the top of the show. >> were you embarrassed when they said -- and you said, oh, i'm so sorry? all right. go ahead. >> he is right but but there's optimism -- >> i'm married with chirp. >> that's the whole point. that's why i don't even understand how this happened. >> like he was talking about, all this optimism is fueling what's happening in the markets. by the way, this is the best pace for january that we've seen in 24 years. you have to go back to 198
in come march 1st. john harwood now with the story. >> maria, republicans gave up one hammer to force negotiations on spending cuts when they agreed to raise the debt limit. now they're wielding another with paul ryan saying on "meet the press" yesterday that republicans are willing to let the spending cuts take effect without any other cuts. >> so where are we right now? i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose. don't forget one other thing. we think these sequesters will happen because the democrats have opposed. they offered no alternatives. >> democrats in the white house say they do want other cuts. they want to engage in negotiations with the white house. in fact, jay carney the white house press secretary said today we all agree these cuts will never take effect. we need to identify alternatives. >> these kinds of across the board cuts to both defense and non-defense spending are not supported by virtually anyone in washington. and certainly not the president. and to judge by their many statements along these lines not r
caterpillar products; we're not going to take in john deere products; we're not going to take in g.e. products"? >> the only trade war that's going on is being waged on us. and when you don't hold people accountable for playing by the rules they agreed to, that have access to your market, you're basically saying anything goes. that's garbage. that's baloney. and the american people won't stand for it. >> the "buy american" provision in the 2009 economic stimulus package requires the use of american-made steel unless that violates u.s. trade agreements. so steel from canada and europe can be used, but steel from major competitors china and russia is locked out. coming up, the new breed of american worker. >> some of them are the greatest generation. they're more hardworking. they have these tools to get things done. they're enormously clever and resourceful. some of the others are absolutely incorrigible. it's their way or the highway. the rest of us are old, redundant, should be retired. how dare we come in? anyone over 30 not only can't be trusted, can't be counted upon to be sort of coherent
its army goes without pay and becomes just another predator among the villages. john prendergast worked on africa policy in president clinton's white house. now he runs a group called the enough project, that exposes war crimes. what keeps this war going? >> well, you know, follow the money. it's good old-fashioned greed. we got kings and corporations and countries that have been plundering the congo for the last century. and today's version of armed groups, rebel groups, militia groups, the government army-- they're all fronts for mafia organizations, basically, that extract these minerals and profit from their smuggling and export back to the united states and to europe for our jewelry, our cell phones, and our laptops. >> mafia organizations? what do you mean by that? >> because they don't have an ideology. they're not trying to build a government institution. the rebels are not fighting for any particular cause. they are extracting these minerals--like gold, like tantalum, tin, and tungsten--in order to sustain themselves as predatory organizations. >> is the violence increas
but joins us to talk about microsoft, too. hey, john. >> possible the earnings could distract, likely to be to be more in line with expectations, microsoft wouldn't give disappointing quarterly guidance, because they don't give any. don't count out the pcs, windows division do well despite the fact that 6% drop in pc sales. revenue over 5 billion there driven by businesses buying windows-based 7 pcs. don't forget about the entertainment and devices division, xbox, windows phone and other access source. analysts have trouble forecasting this one and underestimate t healthy kinect sales and sales of xbox as an entertainment hub could have helped this unit with the expect. if you are looking to microsoft's report to take your mind off apple's, interesting market call. >> no sleep last night, john no sleep tonight as well. thanks a lot. jon fortt out of san jose. >>> netflix posting a blowout fourth quarter. shares up, as you can see almost 40%, hasn't done that in a decade. ceo reed hastings spoke us to in his first tv interview in a year and a half. those comments next. >>> bank of amer
draghi being in a chat with john liske, former managing of the imf. let's recap, central banks, unlimited bond buying program, the omt will stay in place until markets push aside. but let's point out, it has yet to be fully realized. you talk about banking supervision, the largest banks will be supervised from frankfurt. the single supervisor is a combination of national supervisors working together. the ecb is going to work intensely with that and they're working towards introducing that banking supervision. we might get a bit more of that, as well, with our next guest. christian meiser is had he head of cooperate banking of bank of america. we'll be joined by the finance minister from mexico and oli reign will be joining us. plenty more to come on our coverage of the world economic forum in davos. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male
mentioned john passed away -- >> my good buddy. >> he was a sharp guy. the past two weeks, year oe year-over-year wages dropped 2.3%, it's realtime guessed i'm gue guessing a with holding information mr. lissio used to use. is that sample too small to draw any conclusionings. >> it's an increase of 4%. we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from 2013 recognized in december to beat the higher tax brackets, capital gains increase. so, in other words, the economy now feels like 20% increase in take home pay has been given to the economy. it feels good. the problem with that, that income was going to be recognized this year, no longer here to be recognized. we're seeing a slowdown in income as we come forward. the best theater on tv to me wasn't to social inept types, but the fact that some of your -- the guests this morning, from companies were being like, do you see an increase in the economy? are things growing or things better? they're selling stock in aggregate, not buying stock anymore. t
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